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Breaking: US Consumer Confidence Dips Slightly to 100.4 in June


Breaking: US Consumer Confidence Dips Slightly to 100.4 in June


Consumer confidence in the United States saw a modest dip in June, according to the latest data from The Conference Board. The Consumer Confidence Index edged lower to 100.4 from a revised 101.3 in May, with the Present Situation Index showing improvement to 141.5 from 140.8. However, the Expectations Index dipped to 73.0 from 74.9.


Chief Economist Dana M. Peterson noted that while confidence pulled back slightly, it remained within a narrow range observed over the past two years. Strength in current labor market perceptions outweighed concerns about future economic conditions.


Peterson cautioned that any significant weaknesses in the labor market could potentially dampen confidence in the coming months.


The US Dollar Index maintained positive territory above 105.50 following the release of the data.

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